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Showing posts from March, 2021

Chinese businesses consider alternative wool sources to reduce Australia dependency – Global Times

SHANGHAI -- -- Source link: https://bit.ly/2Pn9I3f -- Businesses in China are looking at alternative import sources of wool to reduce dependency on Australian shipments, after the souring of bilateral trade between the two countries and pandemic induced logistics disruptions, the state-backed Global Times reported. -- Citing industry sources, the paper said that wool from New Zealand and Kazakhstan could expand Chinese market share. Read More from Financial Post https://ift.tt/3m61pEY

Rising U.S. yields a villain in EM FX growth story, sell-off likely by end-June

BENGALURU/JOHANNESBURG -- Battered emerging market currencies will only pare some of their recent steep losses over the coming year, according to analysts polled by Reuters who said a sell-off was likely in the next three months with rising U.S. yields posing a big risk. Read More from Financial Post https://ift.tt/3cFQz5C

Nevada Exploration South Grass Valley Carlin-Type Gold Project – March 2021 Drilling Update

RENO, Nev., March 31, 2021 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased provide the first monthly update from its 2021 core drilling program at South Grass Valley. The initial hole of the program, SGVC012, is currently at a depth of 710 metres, and proceeding well within characteristic Carlin-type lower-plate host rocks. NGE is also pleased to announce that it has completed the commissioning of its newly upgraded core logging facility, which has included the addition of some of the latest exploration technologies to provide critical and timely information to guide the Company’s ongoing drilling. Read More from Financial Post https://ift.tt/3sSBqnb

Auto debit rule: New deadline is September 30

In August 2019, RBI had issued a framework for processing of e-mandates on recurring online transactions. Initially applicable to cards and wallets, the framework was extended in January 2020 to cover Unified Payments Interface (UPI) transactions as well. from The Financial Express https://ift.tt/3dmj6Mp

The Parent Company Announces Filing of 2020 Annual Information Form

SAN JOSE, Calif. -- TPCO Holding Corp. (“ The Parent Company ” or the “Company”) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF), formerly Subversive Capital Acquisition Corp., today announced the filing of its Annual Information Form (“AIF”) for the year ended December 31, 2020 on SEDAR. Read More from Financial Post https://ift.tt/3udebV5

SOL Global Provides Audited Financials for Year Ended November 2020

TORONTO -- SOL Global Investments Corp. (" SOL Global " or the " Company ") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to provide its investors with audited financials for the year ended November 30, 2020 and a general operational update concerning the Company’s assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated. Read More from Financial Post https://ift.tt/3m77mkP

Fred Leigh Disposes of Common Shares in O2Gold Inc.

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) -- On March 30, 2021, Fred Leigh, personally and through 2378083 Ontario Inc., a company under Mr. Leigh’s control and direction, disposed of an aggregate of 9,000,000 common shares of O2Gold Inc. (the “ Company “) ( TSX-V: OTGO ), a company with its head office at Suite 900, 65 Queen St. W., Toronto, Ontario M5H 2M5, in a private sale for aggregate gross proceeds to Mr. Leigh of $450,000. Immediately prior to the disposition of the aforesaid securities, Mr. Leigh beneficially owned 9,872,478 common shares of the Company (“ Common Shares ”), which represented approximately 14.23% of the outstanding Common Shares on a non-diluted basis. As a result of this transaction, Mr. Leigh now beneficially owns 872,478 Common Shares, which represents approximately 1.26% of the outstanding Common Shares on a non-diluted basis. Read More from Financial Post https://ift.tt/3rGXBeh

Chinese whispers: WHO-China joint probe, as was expected, leaves nobody any wiser about SARS CoV-2’s origins

If the long delay wasn’t reason enough for any such probe to remain inconclusive, the fact that the probe was constantly under the shadow of the Chinese government should have been an indicator of the futility of undertaking any such exercise. from The Financial Express https://ift.tt/2PD4X5n

POET Technologies Reports Fourth Quarter 2020 Financial Results

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“ POET ” or the “ Company ”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited consolidated financial results for the fourth quarter and year ended December 31, 2020. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. Read More from Financial Post https://ift.tt/3diUeVS

NXT Energy Solutions Announces 2020 Year-End Results

CALGARY, Alberta, March 30, 2021 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTC QB: NSFDF) today announced the Company's financial and operating results for the year ended December 31, 2020. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Read More from Financial Post https://ift.tt/39sIMGi

Farmers Edge Reports Record Fourth Quarter and Fiscal 2020 Results

WINNIPEG, Manitoba -- Farmers Edge Inc. (“Farmers Edge” or the “Company”) (TSX: FDGE), a Winnipeg-based pure-play digital agriculture company reported its financial results for the fourth quarter and year ended December 31st, 2020. All amounts are expressed in Canadian dollars. Certain metrics are non-IFRS measures or key performance indicators. See “Non-IFRS Financial Measures and Key Performance Indicators” below. Read More from Financial Post https://ift.tt/3cyegfW

Comeback quashed for faith-driven investor Bill Hwang

Bill Hwang's comeback was nearly complete. Once punished by U.S. and Asian regulators for stock trading rule violations at his former hedge fund, the New York investor rebuilt his fortune to about $10 billion. Major Wall Street banks once again competed for his business. And his charitable foundation's coffers swelled by hundreds of millions of dollars. Read More from Financial Post https://ift.tt/3djp7tb

Flow Capital Announces 2020 Audited Financial Results Reports Recurring Revenues from Royalties and Interest of $5,373,000 in 2020

TORONTO, March 29, 2021 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital”) today announced its audited annual financial and operating results for the year ended December 31, 2020 (“YE 2020”). Financial references are in Canadian dollars unless otherwise specified. Read More from Financial Post https://ift.tt/3frv9ee

Public-Private Partnership: NHAI may take BOT route for new projects

Though it has not yet fixed the project target for the next fiscal, NHAI is likely to keep the target at 4,500 km, same as the current fiscal. Till February of the current financial year, NHAI has awarded around 3,600 km highway projects in which EPC has around 60% share while the remaining has gone through the hybrid annuity model (HAM). from The Financial Express https://ift.tt/39qKlnZ

Constellation Software Inc. Announces Annual General Meeting

TORONTO, March 29, 2021 (GLOBE NEWSWIRE) -- The Constellation Software Inc. (“Constellation” or the “Company”) (TSX: CSU) annual general meeting of shareholders (“AGM”) will be held on Thursday May 6, 2021 at 8:00 a.m. using a virtual meeting format, with proceedings conducted solely via live audio webcast. Read More from Financial Post https://ift.tt/2QOIhzM

Innovation Group Auric Network Announces Commencement of On site Works for Korean Gold Mine Project Valued at $1.5bil

SEOUL, South Korea -- Auric Network Limited (“Auric”), the Hong Kong based blockchain innovation group, is pleased to announce the commencement of on site safety works ahead of construction in Geochang (Kochang) county, South Korea, in partnership with Bluebird Merchant Ventures Ltd ("LSE: BMV"), the Korea-focused gold development group, and Mine Foundation, a commodities investment platform focused on financial inclusion. Read More from Financial Post https://ift.tt/3sAnI80

IntelliCentrics Announces $100 Million Savings Pledge in Support of Healthcare’s Frontline Workers

DALLAS -- IntelliCentrics (6819.HK) announces a $100 million savings pledge in support of the frontline workers and the locations of care its technology platform serves. IntelliCentrics’ innovative technologies includes SEC³URE Ethos, SEC³URE Passport, Link & GO!, BioBytes™, and BioBytes™ Visitor, serving healthcare facilities across North America, the United Kingdom, and China. Read More from Financial Post https://ift.tt/39qww9c

ATP Introduces Copper Foil, Fin-Type Heatsink / Thermal Pad for NVMe M.2/U.2 SSDs with up to 3.84/8 TB Storage Customizable Thermal Management Solution Delivers Sustained Performance Improvements in Diverse High-Temp Scenarios

TAIPEI, Taiwan, March 28, 2021 (GLOBE NEWSWIRE) -- ATP Electronics, the global leader in specialized storage and memory solutions, announced the launch of its new NVMe flash storage solutions with customizable thermal management. Using both hardware and firmware components, the thermal management solution prevents overheating while ensuring optimal sustained performance, particularly for NVMe solid state drives (SSDs) and modules that operate at blazing-fast speeds while installed in compact systems with little or no airflow. Read More from Financial Post https://ift.tt/39nOLMn

At some point, we’ll pay — New data suggests that could be the mantra of central PSUs

In a nutshell, if you are in business with the government, be ready to have your loans declared NPAs if your payment gets stuck with the government. While various ministers have, from time to time—finance minister Nirmala Sitharaman said this during the pandemic—talked of getting PSUs to clear their dues on time, sadly, there have not been too many solutions that have worked so far. from The Financial Express https://ift.tt/39nRPYS

Across the Aisle: Go back, Viceroy of Delhi

Delhi is the National Capital of India. It is acknowledged that the government of Delhi has to be different from the governments of states; yet, if that government must be a democratic government, it must put the people at the centre of the government. from The Financial Express https://ift.tt/3dgJLKH

Magna Posts 2020 Annual Report

AURORA, Ontario, March 26, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2020 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com.  Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at www.sedar.com) and the U.S. Securities and Exchange Commission (accessible through its website at www.sec.gov/edgar). Read More from Financial Post https://ift.tt/3u38qcv

West Bengal Assembly Election 2021 Phase 1 Voting Live: Polling underway to seal fate of 191 candidates in 30 constituencies

WB Election 2021 Live, West Bengal Assembly Election Phase 1 Polling Live Updates: In the first phase, polling is taking place amid strict COVID-19 guidelines in all nine seats in Purulia, four in Bankura, four in Jhargram and six in Paschim Medinipur, besides the seven seats in high-stakes Purba Medinipur. from The Financial Express https://ift.tt/3ctnXfM

United Hunter Oil & Gas Corp. Enters Into Definitive Agreement for Reverse Take Over Transaction

CALGARY, Alberta, March 26, 2021 (GLOBE NEWSWIRE) -- United Hunter Oil & Gas Corp. (" UHO " or the " Corporation ") (TSX Venture: USO) (Frankfurt: 18U1), is pleased to announce that it has entered into a definitive agreement dated March 26, 2021 (the " Business Combination Agreement ") with Bocana Resources Ltd. (" Bocana "), to complete a reverse takeover transaction (" Transaction "), pursuant to which the Corporation will acquire all of the issued and outstanding securities of Bocana. Pursuant to the Business Combination Agreement, the Corporation and Bocana will amalgamate (the " Amalgamation ") to complete the Transaction in accordance with the policies of the TSX Venture Exchange (the " Exchange "). Upon completion of the Amalgamation, the resulting issuer will be known as "Bocana Resources Corp." (the " Resulting Issuer ") and the Resulting Issuer will continue the business of Bocana. T

CUPE School Board Members Elect Provincial Representatives

TORONTO -- Education workers who are members of the Canadian Union of Public Employees (CUPE) gathered virtually to attend the 2021 convention of its bargaining council, the Ontario School Board Council of Unions (OSBCU). As part of convention business, members also elected their provincial and regional representatives, who will serve on the negotiating committee when OSBCU goes into the next round of central bargaining in 2022. Read More from Financial Post https://ift.tt/3fk51Sb

Fortuna provides an update of the status of disputed royalty at the San Jose Mine, Mexico

VANCOUVER, British Columbia, March 26, 2021 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces an update of the status of the legal proceedings related to a disputed royalty on one of its extracting mining concessions at the San Jose Mine located in Oaxaca, Mexico. Read More from Financial Post https://ift.tt/3rrEKE6

New Look Vision Group Inc. Reports Strong Results for the Fourth Quarter of Fiscal 2020

MONTRÉAL, March 25, 2021 (GLOBE NEWSWIRE) -- New Look Vision Group Inc. ( "New Look Vision " or the " Company" ) (TSX: BCI), a leader in the Canadian retail optical industry with stores across Canada and in Florida, reported financial results today for the 13 and 52 week periods ended December 26, 2020 (“Q4 2020”), and provided updates on actions in response to COVID-19, store re-openings, on omnichannel and facility consolidation. This press release should be read in conjunction with the Company’s management discussion and analysis and consolidated financial statements for fiscal 2020, which are available on the Company’s website at https://ift.tt/2XzpaKq and under the Company's profile on SEDAR at www.sedar.com . Read More from Financial Post https://ift.tt/3d60z6V

Parkland announces additional measures to further enhance financial flexibility

CALGARY, Alberta, March 25, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX:PKI) is pleased to announce an amended syndicated senior secured credit facility agreement (the “Agreement”) and the establishment of an at-the-market (“ATM”) equity program. Parkland also announced today the closing of its previously announced private placement (the "Offering") of $600 million aggregate principal amount of senior unsecured notes due 2029 (the "Notes"). The Notes bear an interest rate of 4.375% per annum and were priced at par. Read More from Financial Post https://ift.tt/3tTJns1

Bright Peak Therapeutics Inc. and Ajinomoto Co., Inc. Enter into a Research Collaboration and License Agreement to Create Novel Immunocytokines

SAN DIEGO and TOKYO, March 25, 2021 (GLOBE NEWSWIRE) -- Bright Peak Therapeutics Inc., a biotechnology company developing next generation immunotherapies for cancer and autoimmune disease, and Ajinomoto Co., Inc. ("Ajinomoto Co."), a leading technology provider for biopharmaceuticals and the owner of Ajinomoto Bio-Pharma Services offering pharmaceutical contract development and manufacturing services, today announced a research collaboration and exclusive license agreement to incorporate AJICAP ® ,  Ajinomoto Co.’s proprietary site-specific bioconjugation technology, for the development of Bright Peak Immunocytokines. Read More from Financial Post https://ift.tt/3lOuVyU

Antibody study involving South African variant of SARS CoV-2 kindles hopes of broad-spectrum shot

This opens doors for the development of vaccine candidates that can take on many SARS CoV-2 variants, and if the antibodies triggered by B.1.351 target the non-differentiated parts of the spike protein, then it could be a home run for the fighting all incarnations of SARS CoV-2. from The Financial Express https://ift.tt/3w5H6MD

Fresh Round: Dream 11 parent firm raises $400 million

The company claims that it is the largest investment in the Indian sports tech ecosystem to date. “We have created the fantasy sports category in India to drive digital engagement to real-life sporting events and bring fans closer to the sport they love,” said CEO & co-founder Harsh Jain. from The Financial Express https://ift.tt/31g44SS

Honey Badger Silver Announces Grant of Stock Options

TORONTO, March 23, 2021 (GLOBE NEWSWIRE) -- Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) announces that the Board of Directors has approved the grant of stock options to directors, officers, employees and consultants of the Company allowing for the acquisition of up to, in the aggregate, 6,175,000 shares of the Company. The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan.  The options are exercisable at a price of $0.12 per share for a period of five years from the date of grant and are subject to the approval of the TSX Venture Exchange and all regulatory approvals. Read More from Financial Post https://ift.tt/2NJQ5S2

In Southeast Asian internet battle, Sea’s rise sends rivals scrambling

SINGAPORE -- In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colors of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of market leaders Gojek and Grab, in what has become the latest battleground for tech supremacy in Southeast Asia. Read More from Financial Post https://ift.tt/399pjKh

Victoria Gold Reports Fourth Quarter And Full Year 2020 Results

TORONTO, March 23, 2021 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to announce results for the fourth quarter and year ended December 31, 2020. The Eagle Gold Mine achieved commercial production on July 1, 2020. As a result, financial results highlighted herein for the year ended December 31, 2020 are based on the 6 months from the declaration of commercial production through to December 31, 2020. Prior to achievement of commercial production, operational revenues and expenses were capitalized to long-term assets. Read More from Financial Post https://ift.tt/3slG5xu

Distilled Pragmatism: Delhi’s new liquor policy raises a toast to revenue, private vending of liquor in NCT

While some would argue that this would have a negative bearing on addiction among youth, illegal consumption is a bitter reality and, drinking-age restrictions are one of the factors propping a thriving liquor grey market that exists sans quality control. from The Financial Express https://ift.tt/3sj7MHb

Designing India’s reform agenda

Land and labour reforms are important, so one can’t fault successive governments for trying to tackle these. But, the binding constraints on the growth of industry in India seem to lie elsewhere from The Financial Express https://ift.tt/3tP0Z8B

U.S. Justice Department in talks with California to settle high-speed rail suit

WASHINGTON -- The U.S. Justice Department said on Monday it is in settlement talks with California to resolve a 2019 lawsuit filed by the state after the Trump administration canceled a nearly $1 billion federal grant for a high-speed rail project hobbled by extensive delays. Read More from Financial Post https://ift.tt/2QxWwsz

Online beauty retailer Purplle raises $45 m from Sequoia, existing investors

The company will use the capital to fund its growth. The firm aims to “deliver eight-ten times growth in the next four to five years”, it said in a statement. The brand already claims to be witnessing a surge in overall volumes, transaction value, and an increase in users. from The Financial Express https://ift.tt/3f7eMmW

Tata-led JV wins bid for MAHSR project work

Financial bids for the project’s management consultancy services were opened on Monday. This includes supervision of all 13 civil works packages including viaducts, concrete/ steel bridges, tunnels (undersea and mountain tunnels), civil work of all 12 stations, maintenance depots, and training institute building. from The Financial Express https://ift.tt/3c8ROtF

FE CFO awards: Celebrating CFOs

In its fourth edition now, the FE CFO Awards will once again applaud the country’s top finance professionals. Nitin Gadkari, Union minister for road transport, highways and MSME, will preside over awards ceremony on Tuesday as the chief guest. from The Financial Express https://ift.tt/3961H9C

Mount Logan Capital Inc. Announces 2020 Annual Results; Declares Shareholder Distribution

TORONTO, March 22, 2021 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announces its financial results for the year ended December 31, 2020. All amounts are stated in United States dollars, unless otherwise indicated. Read More from Financial Post https://ift.tt/3cQnYck

Biden Starts Big Infrastructure Bet With U.S. Far Behind China

(Bloomberg) -- President Joe Biden is betting that a multitrillion-dollar economic plan centered around infrastructure spending will do more than bolster an American economy hammered by the coronavirus pandemic: It will ensure his country's competitiveness against China for decades to come. Read More from Financial Post https://ift.tt/3cdhDsk

Nexa Announces Filing of Annual Report on Form 20-F for the Fiscal Year Ended 2020, Publication of Mining Report and Updated Technical Reports

LUXEMBOURG -- Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the “Company”) (NYSE: NEXA) (TSX: NEXA) announces that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission ( www.sec.gov/edgar ) and on SEDAR in Canada ( www.sedar.com ). The Company notes that it has voluntarily adopted the SEC’s new disclosure requirements for mining reserves and resources under a new subpart 1300 of Regulation S-K (“S-K 1300”), which are required to be adopted by registrants in annual reports for the fiscal year beginning on or after January 1, 2021. Read More from Financial Post https://ift.tt/3f663RW